THE full acquisition of MASwings Sdn Bhd by AirBorneo Holdings Sdn Bhd, a wholly owned subsidiary of the Sarawak government, is expected to be completed by December 31.
Deputy Minister for Transport (Aviation and Road) Datuk Dr Jerip Susil said the legal and beneficial ownership of MASwings is expected to be fully transferred to AirBorneo Holdings by that time.
“After the execution of the Sale-Purchase Agreement between AirBorneo Holdings and Malaysia Aviation Group in February 2025, the completion of the transaction is subject to the satisfaction of conditions precedent.
“Hence, during the period between February 2025 until December 2025, both parties shall work towards fulfilling the conditions, including but not limited to obtaining the necessary regulatory approvals,” he said.
Jerip said this during the question-and-answer session at the Sarawak Legislative Assembly (DUN) sitting today (May 21).
In addressing concerns over service continuity, Dr Jerip assured that the schedule, frequency, and network of the RAS are expected to remain unchanged even after the takeover.
“In terms of operations, the period between the signing of SPA in February 2025 until December 2025 is to allow for proper and smooth transition of operation from Malaysia Aviation Group to AirBorneo.
“Furthermore, as the entire workforce of MASwings will be retained, their extensive experience in managing RAS operations will be leveraged to ensure continuity, operational stability, and service reliability throughout and beyond the transition phase,” he said.
